Thursday, October 15, 2009

The Most Important Chart in the World...In My Humble Opinion

Is the Chinese stock market. Gold is hitting record highs, oil is breaking through to yearly highs, the DOW and S&P are hitting recent highs - but the Shanghai Composite languishes...

China: Taking a breather, or rolling over?
Source: Yahoo Finance

Do Chinese investors know something we don't?

You may recall that Chinese markets turned down before all others last time around. So, the lack of confirmation, at least thus far, from China gives me pause for now.

Does anyone know who Mr. Market is in China? Mr. Wong, perhaps? He's the boss right now...and the boss is sucking wind. Somebody grab Mr. Wong another cigarette!

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